S&P 500 Standard Deviation Monitor

Understanding the Analysis

Standard Deviation Bands: These show how far the current price is from the 200-day moving average in terms of standard deviations.

Alert Zone (2-3σ): When the S&P 500 is between 2 and 3 standard deviations from its 200-day average, it indicates unusual market conditions that may warrant attention.

Interpretation:

• Normal (< 2σ): Price is within typical range
• Alert (2-3σ): Unusual conditions - potential opportunity or risk
• Extreme (> 3σ): Very rare conditions - significant market event

Current Status: The S&P 500 is currently 1.65 standard deviations above its 200-day moving average.